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Thursday, November 3, 2011

Insiders Sell For Many Reasons - Is Bearishnes​s One Of Them?: (SLG), (RNR), (ARB), (NXTM), (WWW)

Shares of SL Green Realty Corp. (SLG) fell by 1.87% or $-1.27/share to $66.47. In the past year, the shares have traded as low as $52.41 and as high as $89.76. On average, 1322510 shares of SLG exchange hands on a given day and today's volume is recorded at 176339. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $74.64 represents resistance and the 50-day moving average of $64.91 would be an area of support. The stock has insider ownership of 1.03%.

Shares of RenaissanceRe Holdings Ltd. (RNR) fell by 0.48% or $-0.33/share to $67.95. In the past year, the shares have traded as low as $58.69 and as high as $73.36. On average, 588730 shares of RNR exchange hands on a given day and today's volume is recorded at 28943. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $66.94 area. The stock has insider ownership of 1.48%.

Shares of Arbitron Inc. (ARB) traded higher by 0.35% or $0.14/share to $40.7. In the past year, the shares have traded as low as $25.31 and as high as $44.58. On average, 175820 shares of ARB exchange hands on a given day and today's volume is recorded at 16530. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $38.52 area. The stock has insider ownership of 0.48%.

Shares of Nxstage Medical, Inc. (NXTM) fell by 14.72% or $-3.30/share to $19.12. In the past year, the shares have traded as low as $16.44 and as high as $27.12. On average, 585060 shares of NXTM exchange hands on a given day and today's volume is recorded at 702854. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $20.38 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 10.84%.

Shares of Wolverine World Wide Inc. (WWW) fell by 1.68% or $-0.61/share to $35.7. In the past year, the shares have traded as low as $28.39 and as high as $43.21. On average, 465810 shares of WWW exchange hands on a given day and today's volume is recorded at 72756. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $36.16 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 2.2%.